Press release
Animation Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Animation Market Size
What Is the Projected Growth of the Animation Market?
The animation market has shown strong growth, forecasted to rise from $379.83 billion in 2024 to $407.03 billion in 2025 at a CAGR of 7.2%, thanks to demand for visual storytelling, increasing media use in films, gaming, advertising, marketing, and educational content.
The animation market is expected to reach $531.31 billion in 2029 with a CAGR of 6.9%, fueled by growing demand for animated media, expansion of streaming services, and a booming gaming industry, with technological developments like VR, CGI, and real-time tools driving trends.
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What Are the Different Animation Market Segments?
The animation market covered in this report is segmented -
1) By Offering: Software, Services
2) By Type: Two Dimensional (2D) Animation, Motion Graphics, Three Dimensional (3D) Animation, Stop Motion, Other Types
3) By Revenue Stream: Over-The-Top (OTT), Advertising, Sale Of Tickets, Other Revenue Streams
4) By Deployment: On-Premise, On-Demand
5) By Application: Media And Entertainment, Automotive, Online Education, Other Applications
Subsegments:
1) By Software: 2d Animation Software, 3d Animation Software, Motion Graphics Software, Stop Motion Animation Software, Game Development Animation Software, Virtual Reality (Vr) Animation Software, Augmented Reality (Ar) Animation Software
2) By Services: Animation Production Services, Outsourcing And Contract Animation Services, Pre-production Services (Storyboarding, Character Design), Post-production Services (Editing, Vfx, Compositing), Animation For Advertising And Branding, Animated Content For Movies, Tv Shows, And Web Series, Custom Animation Services (Corporate, Educational, Marketing), Interactive Animation Services (Games, Apps, Virtual Worlds)
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What Are the Primary Drivers Shaping the Animation Market?
Growing consumption of media and entertainment content is driving the animation market. The media and entertainment industry spans diverse content and platforms aimed at informing and engaging consumers. Demand is increasing due to shifting habits, broad content options, and social media influence. Animation enriches media by delivering visually engaging storytelling. As per the Digital Entertainment and Retail Association in January 2024, UK music streaming, vinyl, and CD sales grew by 9.6% in 2023, nearly double 2022's growth rate. The UK entertainment market itself expanded by 7%. This rise is supporting animation market growth.
Which Companies Are Leading in the Animation Market?
Major companies operating in the animation market are Sony Corporation, NVIDIA Corporation, Adobe Systems Inc., Autodesk Inc., Trimble Inc., DreamWorks Animation LLC, Walt Disney Animation Studios, Corel, Newtek Inc., MAXON Computer GmbH, Zco Corporation, Image Metrics Inc., Smith Micro Software Inc., Video Caddy, Animaker Inc., SideFX, Aardman Animations Ltd., Triggerfish Studios, Animation Sharks, Bondware Inc., EIAS3D LLC, Blue Sky Studios, Grafton Animation Studios, Pixologic Inc., Exocortex Technologies Inc.
What Are the Latest Developing Trends in the Animation Market?
Major companies in the animation market are innovating with generative AI to enable text-based creation of 3D animations. In November 2023, DeepMotion, a US-based animation company, launched MotionGPT, an AI platform that converts written descriptions into lifelike 3D animations using natural language processing and deep learning, making the creative process faster and more user-friendly for animators and storytellers.
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What Are the Top Revenue-Generating Geographies in the Animation Market?
North America was the largest region in the animation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the animation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Animation Market?
2. What is the CAGR expected in the Animation Market?
3. What Are the Key Innovations Transforming the Animation Industry?
4. Which Region Is Leading the Animation Market?
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